Recent Price Movement and Market Context
On the trading day of 01-Dec, Sri Chakra Cement opened with a notable gap up of 4.53%, reaching an intraday high of ₹69, reflecting initial optimism among investors. However, the stock failed to sustain these gains and slipped to an intraday low of ₹64, ultimately closing near this lower level. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, signalling selling pressure towards the session’s end.
This price behaviour is consistent with the stock’s performance over the last two days, during which it has declined by 6.26%. The consecutive fall suggests a short-term correction or profit-taking phase following recent rallies. Furthermore, the stock underperformed its sector by 1.94%...
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